Permanent AML Operations Specialist | The Hiring House Vacancies
Job Description
The Hiring House Vacancies – AML Operations Specialist
Location: Cape Town, Western Cape
Company: The Hiring House
Job Type: Permanent
Job Sector: Compliance and Legal
AML Operations Specialist
Company: The Hiring House
Key Responsibilities
- Conduct enhanced client due diligence (ECDD) for high-risk clients, ensuring compliance and assessing ML/TF/PF risks. Prepare high-quality ECDD reports with recommendations for management on client relationships.
- Support Accountable Institutions with onboarding of natural persons and legal entities, including UBO identification (PCC59) for South Africa and Guernsey products.
- Perform customer due diligence (CDD) and risk assessments during onboarding and throughout the client lifecycle in line with RMCP for South Africa and Guernsey products (natural persons only).
- Conduct sanctions, PEP, and adverse media screening for clients and related parties. Escalate positive matches as required by RMCP.
- Register clients and linked parties for ongoing screening and manage daily alerts (World Check or similar systems). Take appropriate action and escalate where necessary.
- Verify ID and address documentation for clients and related parties.
- Ensure accuracy of FATCA/CRS data and proper client classification.
- Analyze transactions to detect suspicious or unusual activity.
- Adhere to RMCP requirements and maintain expertise in sanctions regimes (UNSC, EU, UK, OFAC, TFS).
- Advise business stakeholders on RMCP compliance for onboarding and ongoing due diligence.
- Apply risk assessment techniques to mitigate AML risks.
- Stay updated on regulatory changes and AML best practices.
- Collaborate on AML policy development and implementation.
- Assist in remediation projects for regulatory findings or legislative updates.
- Address internal queries and ensure SLA adherence, escalating risks to the Head of AML Operations.
Key Relationships
- FICA/AML Compliance, Advisors, Business Unit Leaders (BULs), BU Team Leaders, BU Managers
Qualifications & Experience
- Legal or commercial degree required.
- AML compliance certificate (ACAMS preferred).
- 1–2 years in enhanced due diligence & report preparation.
- 2–3 years in client onboarding & ongoing due diligence.
- Strong knowledge of South Africa’s AML framework (FIC Act, PCCs, guidance notes), including UBO assessments (PCC59).
- Understanding of FATF recommendations & international AML standards.
- Familiarity with Guernsey AML requirements (preferred).
Skills
- Exceptional report writing & communication of complex information.
- Analytical & critical thinking.
- Attention to detail.
- Risk identification & mitigation for ML/TF/PF.
- Data analysis & presentation skills.
Systems Competency
- BPM onboarding systems.
- Screening software (e.g., World Check).
- Transaction monitoring algorithms.
- MS Office (Excel, Word, PowerPoint).
NB: If you do not hear from us within 6 weeks, consider your application unsuccessful.
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How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
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